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Talk of the day - Olympics

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Sweden finally won 8 medals in London beating the 6 expected
The Olympic games ended last night and there is not much talk about its effects on Sweden. That not much is being talked as to how the who experience has affected the country's gaming and sporting arena.
Sweden went in hoping to win 6 medals but it ended up with 8. That was impressive but  though it won only one gold instead of the expected at least two.

Sweden was expected to be behind Norway who pitted to collect 10 medals but ended up with 4 - 2 gold, a silver and a bronze. On the whole the Scandinavia countries performed as follows

Country Gold Silver Bronz Total
Sweden 1 4 3 8
Denmark 2 4 3 9
Finland 0 1 2 3
Norway 2 1 1 4


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  • BBC Business
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  • Dagens Industry (Swedish)
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Finnish Euro project - is it on the lines and will it cause a domino effect

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150 jobs to go from Scan as it intensifies its restructuring efforts

Friday, 10 August 2012
Meat company Scan  to cut its workforce by 150 people in Sweden. This despite the fact that Swedes eat more meat.

The Swedish gaming company behind "Minecraft" generates record profits

Thursday, 09 August 2012
The Swedish computer game "Minecraft" create record profits for the company behind the game - Mojang.

Ikea's brand worth Skr75 billion a new assessment show but that is change money compared to Apple

Thursday, 09 August 2012
Despite  the sale of Ikea's  subsidiary, the Ikea brand is still worth Skr 75 billion, which is loose change compared to Apple.

Bankruptcies increasing in Sweden once again

Tuesday, 07 August 2012
After a spat of good economic news from the Swedish macro economic scene last week with a GDP growth of 2.3 percent, it turns out that the micro sector is not doing well. The number of business bankruptcies are growing and latest data point to  some  472 companies which went bust only in July, representing an increase of 15 percent compared to 2011.

Profit Boost for Danske Bank

Tuesday, 07 August 2012
Danish giant bank, Danske Bank, made a profit before tax of Dkr2.51 billion  for the second quarter of this year.

More Swedish people would prefer to take early retirement

Friday, 03 August 2012
Although the consensus in various policy places hold that it is important that people work longer these days, in Sweden, a record high percentage of the country's 61-year-olds want to hop out of the work place right now.

Indebted Food Company, Findus ever-nearer bankruptcy - press reports

Thursday, 02 August 2012
it is a household name in the Swedish food sector but it does not seem to be selling as expected. As a result, large debt and weak revenues is pressing the food company Findus and thus pushing it to the rear.

More new businesses were crated in Sweden in July

Thursday, 02 August 2012
For the first time in almost a year, there was an increase in the number of new businesses created in Sweden.

Alfa Laval acquires leading wastewater Treatment Company as it continues to expand its product portfolio

Wednesday, 01 August 2012
Alfa Laval has acquired Ashbrook Simon-Hartley, a leading provider of belt filter presses, which is a complement and alternative to Alfa Laval’s decanter range in the dewatering of municipal and industrial wastewater.

Vattenfall return to profit

Tuesday, 31 July 2012
The Swedish state energy group, Vattenfall reports a net profit of Skr877 million for the second quarter. The corresponding period last year, they reported a loss of Skr3.235 million.

Astra Zenca suffer from profits drought

Thursday, 26 July 2012
The Swedish - British pharmaceutical company AstraZeneca reported earnings per share for the core (Core) at $ 1.53 in the second quarter of 2012 (1.73), as shown on its interim report.

AB Volvo presents a better than expected  result for the second quarter

Tuesday, 24 July 2012
Heavy duty vehicle manufacturer,  AB Volvo reports a profit before tax of Skr6.764 million for the second quarter of 2012. This was better than expected.

How clothing giants and H&M plan to manage VAT hike

Monday, 23 July 2012
Swedish clothing giant, H&M says it does not plan to increase clothes prices in Spain despite the government's decision to increase VAT to 21 percent from 18 percent.

Scania reports profits, which is being described as greater than expected

Friday, 20 July 2012
Bus and truck manufacturer Scania reported a profit before tax of Skr1.88 million in the second quarter described by various analysts houses as impressive.

Electrolux impressive with larger than expected quarterly report

Thursday, 19 July 2012
Swedish white good company, Electrolux has been getting praises here and there for reporting an impressive quarterly profit far exceeding expectations for the second quarter.

Swedish defence Minister backs off  and call the Saudi regime a "Dictatorship"

Monday, 13 August 2012
The Swedish Defense,  Minister Karin Enstrom is a woman and now feels that feels that Saudi Arabia is certainly a dictatorship.

Swedish unemployment continues to rise

Monday, 13 August 2012
Unemployment in Sweden continues to rise with latest data from the Employment Service, showing that the number of workforce that has become unemployed increased by 1274 persons in week 32 compared with the previous week.

Clashes in Swedish central bank as governors point fingers at each other over wrong policies

Friday, 10 August 2012
There is an underground Volcano in the Swedish central, the Riksbank, as the policy directors there pointing accusing fingers at each other over wrong policies the bank has been pursuing.

United States backs Sweden over its dispute with Belarus

Thursday, 09 August 2012
Swedish Foreign Minister Carl Bildt.
The United States has back Sweden over Swedish stance against human rights abuses with the in Belarus. The US is itself also worried about the developments in that country in relations to the right of the people to freely express themselves

Swedish women getting more violent as they step up assaults against their spouses

Thursday, 09 August 2012
Gone are the days in Sweden where women begged to be recognise. Today they are more powerful and not only holding important positions in the jobs places but also getting very strong physically.

Belarus closes embassy in Sweden as diplomatic quagmire between the two countries intensify

Wednesday, 08 August 2012
The building which houses the Belarusian embassy in Lidingö in Stockholm, Img, SVT
The diplomatic crisis between Sweden and Belarus has intensified and the result is the closure of the Belrusian Embassy in Stockholm.

Suspicion of Rwandan involvement in insurgency in the Congo means  Swedish economic aid to the country is stopped

Wednesday, 08 August 2012
Sweden says it will stop payments of economic aid to Rwanda because of allegations that Rwanda is involved in the ongoing insurgency in eastern Congo.

Be weary of some scientific research results as renowned Danish University brain scientist suspected of fake research

Wednesday, 08 August 2012
Fake scientist or just errors - Milena Penkowa (
There has emerged a scandal at the University of Copenhagen, in Denmark as a Danish brain scientist, Milena Penkowa identified as a future Nobel Prize winner and who has received millions of research prize money seems to have had a research based on deliberate fraud, an expert panel indict

Putting more money in their pockets as Seven billion krona into the pockets of the Swedes

Tuesday, 07 August 2012
Nearly a million Swedish  people will have a share nearly Skr 7 billion, reward for over paying their taxes during the last financial year. Therefore, starting tomorrow, Wednesday, the tax refund for those employees who declared on paper will go back into their pockets.

Spyker sues GM for over Skr20 billion

Monday, 06 August 2012
Saab Automobile's former holding company Spyker is reported to have sued the  American production line at General Motors of $3 billion, corresponding to Skr 20.2 billion.

Finland economy could hit recession next year if the current constricted grip remains

Monday, 06 August 2012
Finnish Finance Minister Jutta Urpilainen warn that the country could fall into a recession next year if the economic downturn in the world remains.

Swedish GDP likely to be revised down

Monday, 06 August 2012
Swedish GDP growth took every one by surprise and up till now there are still doubts around as to if the GDP figures are for real.

Lack of enough sleep blamed for increased weight around the stomach - Swedish research

Monday, 06 August 2012
The idea that limited sleep affect the health of humanity is not new and the relationship between lack of enough sleep and obesity has been documented in the past.

4.4 magnitude earthquake in Sweden

Monday, 06 August 2012
An earthquake in the sea between Sweden and Denmark brought people in southwest Sweden to an early wake up this morning. The quake, with magnitude 4.4, was centred around Halmstad.

Swedish people throw away food worth billion each year

Friday, 03 August 2012

Swedish people - that is, specifically household throw away tons of uneaten food every year challenging our persisted moan this network that food is very expensive in Sweden

Fears of growing jobs losses in Sweden in the coming months as economic growth persistently fail to translate to job growth

Saturday, 04 August 2012
As the Swedish economy continues to post higher than expected economic growth, it also shows a growing phenomenon of joblessness growth. There is fear that more people will loss their jobs in the coming months as notices for redundancy shoot up.

Norwegian unemployment rate 2.7 percent

Friday, 03 August 2012
Unemployment in Norway rose to 71 738 people in July, representing 2.7 percent of its workforce, according official data.

Variation of suicides rates in Sweden

Thursday, 02 August 2012
In the past years, the rate of suicide in Sweden has reduced comparatively but there is growing worrying variation around the various counties of the country.

Hikes in Swedish public transport prices as more people are being urged to leave their cars at home

Wednesday, 01 August 2012
Over the past ten years, on average, the price for using public transport by commuters in the various Swedish local counties has increased by 43 percent according to a report conducted by radio Sweden.

The demand for teachers in Sweden is on the rise but more teachers are leaving the sector - Why?

Wednesday, 01 August 2012
Sweden will need over 100 000 new teachers in the coming years. But instead, more teachers are leaving the profession because of what is being described as "harsh working conditions and low wages."

Growth in Swedish PMI indicates a rebounding economy

Wednesday, 01 August 2012
Swedish Purchasing Managers Index (PMI)for the Swedish industrial sector rose to 50.6 in July from 48.4 months before. The corresponding month last year, the purchasing managers index 50.1

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